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BRIEF-Core Gold Clarifies The Circumstances Surrounding The Termination For Cause Of Its Former CEO

Published 2019-03-19, 08:19 a/m
Updated 2019-03-19, 08:20 a/m
© Reuters.  BRIEF-Core Gold Clarifies The Circumstances Surrounding The Termination For Cause Of Its Former CEO

© Reuters. BRIEF-Core Gold Clarifies The Circumstances Surrounding The Termination For Cause Of Its Former CEO

March 19 (Reuters) - Core Gold Inc CGLD.V :

* CORE GOLD CLARIFIES THE CIRCUMSTANCES SURROUNDING THE TERMINATION FOR CAUSE OF ITS FORMER CEO KEITH PIGGOTT

* CORE GOLD - PIGGOTT WAS INITIALLY PUT ON NOTICE IN NOV 2018 FOR, AMONG OTHER THINGS, INCURRING NEW DEBT AT SUBSIDIARY LEVEL WITHOUT APPROVAL OF BOARD

* CORE GOLD - PIGGOTT INITIALLY PUT ON NOTICE FOR ALSO CONDUCTING ACTIVITIES AT PROJECTS IN ECUADOR THAT WERE IN BREACH OF CONTRACTUAL OBLIGATIONS

* CORE GOLD INC - PIGGOTT MISAPPROPRIATED FOR HIS PERSONAL USE WHAT BOARD BELIEVES WAS ABOUT $50,000

* CORE GOLD INC - PIGGOTT CAUSED DISCLOSURE OF CONFIDENTIAL INFORMATION RELATED TO MERGER TALKS WITH TITAN MINERALS LIMITED TO PERSONS OUTSIDE OF CO

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